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2022
Exports $315MWorld Rnk 8 / 141
Flag Rnk 196 / 1216
2022
Destination $138M Netherlands
2021 - 2022
FASTEST GROWING MARKET $138MNetherlands
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $286MWorld Rnk 9 / 186
Flag Rnk 366 / 1214
2022
Origin $81.7M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $81.7MMalaysia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $315M in Inedible Fats and Oils, making it the 8th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 196th most exported product in United Kingdom. The main destination of Inedible Fats and Oils exports from United Kingdom are: Netherlands ($234M), Belgium ($28.7M), Finland ($16.3M), Sweden ($5.89M), and France ($5.86M).

The fastest growing export markets for Inedible Fats and Oils of United Kingdom between 2021 and 2022 were Netherlands ($138M), Belgium ($9.6M), and Sweden ($5.57M).

Imports In 2022, United Kingdom imported $286M in Inedible Fats and Oils, becoming the 9th largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 366th most imported product in United Kingdom. United Kingdom imports Inedible Fats and Oils primarily from: Malaysia ($151M), Netherlands ($36.1M), China ($35.9M), United States ($16.8M), and Egypt ($6.9M).

The fastest growing import markets in Inedible Fats and Oils for United Kingdom between 2021 and 2022 were Malaysia ($81.7M), China ($29M), and Egypt ($3.31M).

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Inedible Fats and Oils exports accounted up to £21.9M and imports accounted up to £23.4M, resulting in a negative trade balance of £1.44M. Between July 2023 and July 2024 the exports of United Kingdom's   Inedible Fats and Oils have increased by £5.36M (32.3%) from £16.6M to £21.9M, while imports increased by £2.89M (14.1%) from £20.5M to £23.4M.

Destinations In July 2024, Inedible Fats and Oils were exported mostly to Netherlands (£12.7M), Belgium (£8.43M), Germany (£235k), Poland (£145k), and France (£97.2k), and were imported mostly from Netherlands (£21.6M), Australia (£315k), Canada (£185k), Hungary (£161k), and Colombia (£149k).

Growth In July 2024, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to Ireland (£353k or 651%), Poland (£149k or 104%), and Sweden (£27k or 693%). In July 2024, the increase in Inedible Fats and Oils's year-by-year imports was explained primarily by an increase in imports from Netherlands (£19.7M or 454%), Belgium (£7.57M or 9.79k%), and United Arab Emirates (£878k or 5.64k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£5.36M(32.3%)
IMPORT GROWTH (July 2023 - July 2024)£2.89M(14.1%)
MAIN EXPORTER (July 2024)Liverpool£12.8M
MAIN DESTINATION (July 2024)Netherlands£12.7M

This section shows Inedible Fats and Oils's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$315M
IMPORTS (2022)$286M
NET TRADE (2022)$29.1M

In 2022, United Kingdom exported $315M in Inedible Fats and Oils. The main destinations of United Kingdom exports on Inedible Fats and Oils were Netherlands ($234M), Belgium ($28.7M), Finland ($16.3M), Sweden ($5.89M), and France ($5.86M).

In 2022, United Kingdom imported $286M in Inedible Fats and Oils, mainly from Malaysia ($151M), Netherlands ($36.1M), China ($35.9M), United States ($16.8M), and Egypt ($6.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Netherlands$138M (144%)
Belgium$9.6M (50.4%)
Sweden$5.57M (1.72k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY United Kingdom WERE (2021 - 2022):
Spain-$9.09M (-65.5%)
Ireland-$2.14M (-49.8%)
Saudi Arabia-$251k (-38%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, United Kingdom's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.02M
TOP IMPORT POTENTIALChina+ $18.2M

Inedible Fats and Oils’s highest export potential is Germany. With an export gap of $7.02M.   Inedible Fats and Oils’s highest import potential is China with an import gap of $18.2M.

See methodology.

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